When an Economist Evaluates a Positive Statement,he or She Is

question 7

Multiple Choice

When an economist evaluates a positive statement,he or she is primarily

• A)examining evidence.
• B)acting as a scientist.
• C)concerned with verifying how the world is.
• D)All of the above are correct.

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Definitions:

Corporate

Pertaining to a corporation, which is a legal entity recognized by law as separate from its owners and having its own rights, privileges, and liabilities.

Corporate Veil

A legal concept that separates the identity of a corporation from its shareholders, protecting them from being personally liable for the company's debts or legal obligations.

De Facto Corporation

A business that operates as a corporation without formal legal acknowledgment but is treated as such for some purposes.

Corporation's Bylaws

The written rules for conduct of a corporation, detailing the rights and obligations of the directors, officers, and shareholders.